New Mauritius Blockchain Security Token Exchange to Launch by HYBSE, MINDEX and GMEX

2018-11-7 03:00

In a Medium blog post, Dimcoin announced a new exchange platform that is based in Mauritius. The new project, which is being called the HYBSE International Marketplace, is a combined effort between MINDEX Holdings Limited (MINDEX), GMEX Group Limited (GMEX) and Hybrid Stock Exchange Corporation Limited (HYBSE). According to the post, the goal is to “bring to market a revolutionary blockchain exchange platform,“ which has been stated by multiple publications.

MINDEX is already a complete exchange on its own, lending the post trade and physical infrastructure to the project. With this support, they are making it possible for multiple asset classes to be included in trading within the borders of Mauritius, London. The exchange is already supported by GMEX, which is known for its’ technological solutions around the world. These two entities partnered directly with HYBSE, which is the central marketplace for the entire ecosystem.

With the new marketplace, the regulated ecosystem has a combination of both blockchain solutions and technology, along with traditional finance options, to create digital assets within the blockchain. Basically, institutional investors now have the capability in London to use crypto ETFs, along with other crypto instruments.

The available asset classes on the marketplace, according to the Dimcoin Medium post, are:

Cryptonized Shares Cryptonized Currencies Commodities Indices Forex ETC’s (Exchange-Traded Commodities) ETF’s (Exchange-Traded Funds) CETF’s (Crypto Exchange Traded Funds)

SMEs that want to establish capital on the International Marketplace will have the option of creating and launching an Initial Blockshare Offering (ICO). This offer will not be ongoing, but it provides an opportunity to purchase crypto equities and instruments at a lower rate than what they will typically be. Considering that there are millions of people around the world that remain unbanked, this a great opportunity to participate in the growing crypto industry.

The various reports suggest that the reason for developing the HYBSE International Marketplace in the first place were in response to an annoucement from the Financial Services Commission in the area. The FSC recently decided that there will be more guidelines surrounding cryptocurrency as a digital asset, and that platforms in the area will be required to offer certain safety protocols for consumers.

This set of laws, which will be called the “Custodian Services (Digital Asset) License,” will be available for public comments from now until the last day of November. The draft indicates that the need for a new license arose as a result of the lack of coverage that the former licenses had for digital assets. Essentially, digital asset holders will have to abide by the same regulations that traditional asset holders do. Even though cryptocurrency is not under the same category as legal tender in the region, it is still considered a store of value, and must be regulated as such.

All of the different entities involved in the marketplace seem to have an optimistic attitude about the launch. Hirander Misra, the chairman of MINDEX and the CEO for GMEX Group, called HYBSE’s contribution “vast domain knowledge,” adding to the pre-existing securities and blockchain technology.

He added, “We welcome the new regulatory framework for digital assets in Mauritius and we are thrilled to be at the forefront of market development as one of the first ventures to set up under the new regime. We are firmly convinced that there is a massive opportunity for Mauritius to position itself as a major global hub in this dynamic space underpinned by strong governance and regulation to ensure trust.”

Daniel Liu, from the Hybrid Stock Exchange Corporation Limited (HYBSE), called the collaboration between the three companies “an exciting new development” that involves the capital markets of the world.

He added, “As we embark on a journey to pave a previous uncharted way forward, this will inevitably create an ideal prospect to move the evolution of all financial systems, light-years ahead. We must also maintain a conscious belief of the power of this evolutionary step, as not to disrupt current global markets, but to rather bolster a new way of thinking that encompasses a decentralised and truly free market entity.”

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Фото:

MINDEX, GMEX Group and HYBSE join forces to launch the first blockchain securities exchange in Mauritius

Mauritius, London, 6th November 2018: We are pleased to announce the launch of the HYBSE International Marketplace; a joint venture between MINDEX Holdings Limited (MINDEX), GMEX Group Limited (GMEX) and Hybrid Stock Exchange Corporation Limited (HYBSE); that will bring to market a revolutionary blockchain exchange platform, based in Mauritius.

2018-11-6 20:55


MINDEX, GMEX Group and HYBSE join forces to launch the first blockchain

MINDEX, GMEX Group and HYBSE join forces to launch the first blockchain securities exchange in Mauritius Mauritius, London, 6th November 2018: We are pleased to announce the launch of the HYBSE International Marketplace; a joint venture between MINDEX Holdings Limited (MINDEX), GMEX Group Limited (GMEX) and Hybrid Stock Exchange Corporation Limited (HYBSE); that will bring The post MINDEX, GMEX Group and HYBSE join forces to launch the first blockchain appeared first on ItsBlockchain.

2018-11-7 19:25


MINDEX, GMEX Group and HYBSE join forces to launch the first blockchain securities exchange in Mauritius

Mauritius, London, 6th November 2018: We are pleased to announce the launch of the HYBSE International Marketplace; a joint venture between MINDEX Holdings Limited (MINDEX), GMEX Group Limited (GMEX) and Hybrid Stock Exchange Corporation Limited (HYBSE); that will bring to market a revolutionary blockchain exchange platform, based in Mauritius.

2018-11-6 17:19